Take a moment to think about this: what would you do if you were diagnosed with cancer today? What would you do if you needed to be off work for a year or two during your recovery because of chemotherapy and stress? How would you pay for your treatment as well as your everyday living expenses? This is a tough topic to discuss because most of us probably know someone who has been through this exact scenario and have seen how hard it is. But when you consider the steady expansion of Australia’s life expectancy, currently at 82.1 years, it’s easy to see how the risk of developing a debilitating or even incurable illness rises as we continue to live longer. Currently, 1 in 4 women and 1 in 3 men risk developing cancer before the age of 75 here in Australia, making it a topic that needs some thought (Statistics from Cancer Council Australia). [Read more…]
Archives for April 2016
Tips for Discussing Finances with Your Future Spouse | April 14, 2016
“For better or for worse… For richer or for poorer.” This is we promise to our spouse when we pledge ourselves in marriage. CFB’s Executive Assistant, Sarah, has her big day coming up at the end of April so along with our greatest congratulations, weddings, finance and married life have been a topic of discussion at CFB. With several great tips and ideas from the CFB team, we thought it would be something worth discussing on a larger scale.
When you “tie the knot”, you also tie a financial knot that you have to keep strong throughout your lives together. It’s a matter of setting expectations from the start, making careful financial plans together, and checking in with each other regularly to keep your finances on track as your lives progress. Because in fact, money management can actually be a rewarding way to bond with your loved one. [Read more…]
Make Your Super Contributions Before the End of Financial Year | April 1, 2016
With the EOFY fast approaching, we always remind our clients to make their super contributions pre-June 30 to take advantage of the potential benefits available for the financial year. However, with the average female super balance at the time of retirement around half that of their male counterparts, we think it is vitally important for women of all professions and life-stages to consider their super contribution options come June 30 this year. [Read more…]